2. Read chapter chapter 12 in Open Stax Macroeconomics: The Keynesian Perspective. https:// openstax.org/books/principles-macroeconomics-2e/pages/12-introduction-to-the-keynesian- perspective 3. Answer the following questions. This assignment should be completed no later than 11:00 AM, Tuesday, Oct. 11. a. In the Keynesian framework, identify which of the following events might cause a recession. Explain why in terms of what would happen to Aggregate Demand (AD). A large increase in the price of the homes people own. Rapid growth in the economy of a major trading partner. The development of a major new technology offers profitable opportunities for business. The interest rate rises. b. In a Keynesian framework, identify which of the following government policy choices offer a possible solution to recession. Which offer a possible solution to inflation? Provide reasons for your choices. A tax increase on consumer income. . A surge in government spending on infrastructure. A reduction in taxes for businesses that increase investment. A major increase in what the U.S. government spends on healthcare. c. What tradeoff does a Phillips curve show? d. Explain how the Keynesian perspective addressed the economic market failure of the Great Depression. What policies were recommended and why? e. What policies would be implemented in an expansionary fiscal policy? Explain how expansionary fiscal policy impacts AD